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    Reference: 20150147
    Release date: 31 July 2015

    Promoter – Financial Intermediary

    Commercial banks active in the field of SME lending in Cyprus.

    Location

    Description

    Loan for banks operating and incorporated in Cyprus for the financing of small and medium-sized ventures carried out by small and medium-sized enterprises (SMEs) and mid-caps.

    Objectives

    Improving access to term finance at favourable conditions.

    Comments

    This operation, subject to approval by the EIB’s governing bodies, would be signed under a guarantee from the Republic of Cyprus and in close cooperation with the Cypriot authorities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 240 million

    Total cost (Approximate amount)

    EUR 320 million

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Signed - 29/12/2015

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Cyprus Credit lines